Jon Corzine Resigns as Co-CEO
At Goldman Sachs to Focus on IPO

NEW YORK -- Jon Corzine, the man who led Wall Street powerhouse Goldman, Sachs & Co. to the brink of selling its first public shares, abruptly stepped aside as the firm's co-head.

The surprise move underscores the battle that has taken place within the 129-year-old securities firm over its on-again, off-again plan for an initial public offering, as well as Goldman's recent losses in bond trading. But Goldman officials insist the...